BUSINESS
Time to build healthcare system for future generations, says Health Minister JP Nadda
Minister Nadda called for efforts to strengthen the healthcare system to meet the 2047 development roadmap, and underlined Centre’s commitment to healthcare reforms, innovation and accessibility.
BUSINESS
FinMin earmarks Rs 13,000 crore under capex loan scheme to push states' governance and urban reforms
States and UTs are required to build municipal cadres and digital interventions for improved governance; integrate the property tax portal with a unique ID and diversify revenue sources; implement town planning and land pooling schemes; revitalise central business districts; and build theme-based greenfield cities under the three categories of reforms.
BUSINESS
A successful US-India trade agreement could flip current "headwinds into tailwinds": FinMin report
The ministry added that despite global uncertainties and trade tensions, India remains the fastest-growing major economy.
BUSINESS
Centre pushes for EoDB through capex loans to states scheme
For EoDB, the Centre has categorised the states into three different groups – small, medium & big. The incentive (loan) shall be allocated to the states on 'first come-first serve' basis, based on reforms undertaken in two priority areas – land, and building & construction, sources said.
BUSINESS
Leading US tech giants seeking direct tax sops to expand data centers in India
Government officials said the Centre does not wish to provide any direct tax incentives as states are already dispensing several sweeteners. but the matter is 'being discussed' at the moment.
INDIA
The never ending CIRP process: Why the IBC needs better coordination
Experts say a multi-pronged approach such as strengthening enforcement against non-cooperating promoters, improving coordination among statutory authorities, etc, is required to ensure that the mandatory timeline is not violated.
BUSINESS
New Global Tax Push: India to spearhead G24 digital economy meeting in June
According to a senior government official, India is likely to chair a meeting of the intergovernmental committee of 24 nations, known as G24, in June to deliberate on the aspect of taxing the digital economy.
BUSINESS
Income tax lens on Bhushan Power post SC’s annulment of JSW takeover: Sources
During the IBC proceedings, in FY21, BPSL’s losses were close to Rs 7,000 crore, but post the acquisition, the company turned profitable and claimed benefits in the financial years FY22, FY23, and FY24.
BUSINESS
Centre unlikely to intervene in JSW-Bhushan Power matter as IBC ‘not questioned’ by apex court
The Committee of creditors (CoC) led by Punjab National Bank is likely to join hands with JSW Steel in seeking a review of the Supreme Court's verdict in the Bhushan Power and Steel (BPSL) case.
BUSINESS
Made in India for the world: India aims for defence exports to rise to Rs 30,000 crore in FY26
Besides BrahMos, India’s other ballistic missiles such as K4, K15, artillery guns, and tech enabled rifles have received attention from external buyers, says former DRDO Director.
BUSINESS
PLI scheme for food processing industry has catalysed investments worth Rs 7,000 crore: Official
'Till date, ministry has funded almost 1,600 projects leading to creation of 41 lakh tonnes of food processing capacity and benefitting almost 9 lakh farmers,' says Ranjit Singh, joint secretary, MoFPI said
BUSINESS
Net financial savings of households inch up in FY24; economists flag delay in consumption
In absolute terms, however, household investments stood at Rs 54.61 lakh crore in FY24 as against 50.1 lakh crore in FY23, and Rs 38.44 lakh crore in FY19.
INDIA
Story of BrahMos: How APJ Abdul Kalam led the development of India’s first supersonic cruise missile system
In February 12, 1998, former President APJ Abdul Kalam and NV Mikhailov, Russia’s first Deputy Defence Minister, signed an inter-governmental agreement, which led to the formation of BrahMos Aerospace (BA), a joint venture between DRDO and Russia's NPO Mashinostroyenia (NPOM), with India holding a 50.5 percent stake and Russia 49.5 percent.
ECONOMY
Unemployment rate in April at 5.1%: Monthly PLFS Bulletin
Unemployment among females during April stood at 5%, and among males at 5.2%
BUSINESS
Lower inflation and lower interest rates ahead: MC poll of economists
The median of 15 estimates puts CPI inflation at 3.8 percent for FY26. If the RBI cuts rates by 50 basis points, the repo rate would fall to 5.5 percent from the current 6 percent. The RBI's MPC is scheduled to meet next on June 4-6.
BUSINESS
India’s domestic defence equipment capable of new-age warfare but pvt participation should increase: Experts
India’s domestic defence industry has seen a sharp increase in output since 2015. The total value of indigenously produced equipment in FY24 was Rs 1.3 lakh crore, 174% higher than in FY15.
BUSINESS
FinMin note on climate finance to enable channeling funds to India's green ecosystem, say experts
The game-changer framework acknowledges the need for "proportionality" and "sector-specific pathways", rather than a one-size-fits-all approach, say experts in PwC and EY.
BUSINESS
Popular beers absent in Delhi stores: Experts say 'Restore private liquor stores'
According to data shared by the industry, beer sales in the national capital fell by 37% year-on-year in 2024.
BUSINESS
The brains behind the blowback against Pak: Meet key figures that form India’s strategic core
NSA Doval, CDS Chauhan, CoAS Dwivedi, Air Chief Singh, Admiral Tripathi, and AAD Chief D’Cunha led the retribution against the neighbour.
BUSINESS
IMF hails Pakistan's 'significant progress in stabilising economy' while approving $2.4-billion aid
Risks to the outlook, however, remain elevated, particularly from global economic policy uncertainty, rising geopolitical tensions, and persistent domestic vulnerabilities, the IMF said
BUSINESS
India abstains from IMF vote on Pakistan, flags terror funding concerns
“While the concern that fungible inflows from international financial institutions, like IMF, could be misused for military and state sponsored cross border terrorist purposes resonated with several member countries, the IMF response is circumscribed by procedural and technical formalities,” says India.
BUSINESS
Centre asks states to monitor prices, ensure steady supply of essentials amid border tensions
According to analysts, India currently has over 1-year stock of rice and wheat, about 10 months of pulses, 3 months of sugar, and about a month of edible oils
BUSINESS
IMF’s board meet today, India likely to seek halting of financial assistance to Pak
According to the IMF’s website, the cumulative outstanding purchase and loan agreements to Pakistan, since 1984 stood at $6.1 billion. The latest agreement to provide $7 billion to Pakistan was sanctioned by the Fund in September 2024.
INDIA
S-400 Triumf: All about India’s advance system used to thwart Pakistan’s incursion
The SAM system can carry missiles with range up to 400 Km. It can intercept threats well before they reach protected assets, and force enemy aircraft to stand off. The system has the ability to hit slow and fast targets, such as helicopters, UAVs, and cruise missiles.
